Bank of America, Coinbase, Dell and more

Take a look at some of the biggest moving agents in the premarket:

Bank of America (BAC) – The strong start to the season of earnings from Wall Street banks continued with a bang on the top and bottom lines for Bank of America. The bank released $ 2.7 billion in reserves for loan losses, increasing its earnings. Shares rose 1.2% before the bell.

Coinbase (COIN) – The cryptocurrency exchange has continued its volatile start as a public company, with shares rising by more than 7% in premarket trading. The stock began trading at $ 381 per share on Wednesday and rose in the opening minutes, but shares reversed later in the day and Coinbase closed at nearly $ 328 per share. In addition, BTIG initiated Coinbase coverage with a “purchase” rating.

Dell (DELL) – The shares of the technology company have increased after Dell announced that it has decided to give up 81% of VMWare. Shares of Dell rose more than 7%, while VMWare added 2.6% to premarket trading.

Nvidia (NVDA) – Raymond James has improved the chip stock to a “strong buy” from “exceeds”, saying that the company is well positioned in the short and long term. The company also initiated the coverage of Advanced Micro Devices with a “superior” rating. Nvidia and AMD increased by 1.8% and 1.5%, respectively, in premarket trading.

UnitedHealth (UNH) – The managed care company exceeded estimates on the top and bottom lines for the first quarter, with adjusted revenues of $ 5.31 per share and revenues of over $ 70 billion. UnitedHealth has also raised its year-round earnings guide. Shares rose 1.7% in premarket trading.

American Eagle (AEO) – The clothing company announced that it expects first quarter revenues to exceed $ 1 billion, an increase to half of adolescents in the same period in 2019, before the pandemic. American Eagle also forecast more than double operating income compared to the same period. The company will report its full results on May 1. Shares increased by more than 6% in premarket trading.

CrowdStrike (CRWD) – Deutsche Bank has started covering the cyber security stock with a “buy” rating, saying in a note that the company’s margins could exceed 30%. CrowdStrike shares rose 3% in premarket trading.

PepsiCo (PEP) – The beverage company reported adjusted earnings of $ 1.21 per share, which was 9 cents above estimates, according to Refinitiv. Revenues also come in higher than expected, as organic revenues rose 2.4%. PepsiCo shares rose 0.6% in premarket trading.

BlackRock (BLK) – Asset management giant reported adjusted earnings per share of $ 7.77 and revenue of $ 4.4 billion in the first quarter, slightly above estimates at both points, according to Refinitiv. The company’s managed assets reached 9 trillion dollars. Shares increased 0.4% in premarket trading.

– CNBC’s Michael Bloom contributed to this story.